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Tag Archives: Cotton

Commodities Week in Review: March 29 to April 2

Commodities Week in Review: March 29 to April 2 Agriculture  The biggest story this week in the agricultural commodities market was the US Department of Agriculture’s (USDA) 2021 Prospective Plantings report that sent prices soaring. The USDA stated the domestic farmers will plant lower soybean and corn acreage than what market analysts had initially anticipated. This triggered a massive rally on Wednesday, hitting a daily...

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Commodities Corner: Steel Adds to 2021 Rally, Coronavirus Weighs on Cotton

Cotton’s Ascent to $1 Pauses   Cotton futures have enjoyed a great first quarter in 2021, rising close to 3%. Industry observers have been talking about prices potentially hitting $1. However, the natural fiber crop has pared much of its gains in the last week amid a strengthening US dollar and bullish weather forecasts in the key growing area of Texas.   The western part of the Lone Star State had been entrenched...

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Commodities Week in Review: March 22 to March 26

Agriculture  Most of the hard and soft agricultural commodities took a noticeable hit this week as the industry joined the broader market decline. As investors rebalance their portfolios and transition to various sectors, agricultural investments suffered a slump. Moreover, Treasury yields rose, the US dollar strengthened, and various supply and demand factors weighed on several crops. Cocoa  Friday Settlement:...

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Commodities Week in Review: March 15 to March 19

Commodities Week in Review: March 15 to March 19 Agriculture  It was a rough trading week for most of the hard agricultural commodities, with China coming into focus and a stronger US dollar. It is being reported that the world’s largest agriculture consumer is witnessing a resurgence of the African swine flu, the same disease that decimated its hog supply in 2018 and 2019. Investors have been cautious that...

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Commodities Week in Review: March 8 to March 12

Commodities Week in Review: March 8 to March 12 Agriculture  The major agricultural commodities took a break from their monumental 2021 rally this week, despite a bullish World Agricultural Supply and Demand Estimates (WASDE) report from the US Department of Agriculture (USDA) that suggested tightening supplies and strengthening foreign demand. The slide in soybeans, corn, and wheat may have been caused by the volatility...

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Commodities Corner: Oil Strikes Gold, Cotton Targets $1 on Higher Demand

Oil Strikes Gold with OPEC Decision Crude oil futures – both West Texas Intermediate (WTI) and Brent contracts – recorded enormous gains this week. All the focus was on the week’s two-day meeting of the Organization of the Petroleum Exporting Countries (OPEC) and its allies, OPEC+ where they discussed the current state of output.   Some of the world’s top producers agreed not to raise production levels...

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Commodities Week in Review: March 1 to March 5

Commodities Week in Review: March 1 to March 5 Agriculture  Most agricultural commodities joined the decline in the broader financial markets this week. As the US dollar strengthened and Treasury yields rallied, crops took a beating, with soybeans one of the few commodities to enjoy a modest weekly gain. Agriculture ostensibly took a breather since starting the commodities supercycle trend. Will crops shake it off...

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Commodities Week in Review: February 22 to February 26

Commodities Week in Review: February 22 to February 26 Agriculture  As the broader financial markets suffered significant losses in the final trading week of February, most of the agricultural commodities presented decent gains. Rising Treasurys, portfolio rebalances, and inflation fears weighed on equities, sparking predictions that the financial markets are going through a reflation trade: economic growth and accelerating inflation. Overall, agriculture had a superb week and an excellent...

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Commodities Week in Review: February 15 to February 19

Commodities Week in Review: February 15 to February 19 Agriculture  In a recent research note, JPMorgan Chase warned that the commodities market is in a “supercycle,” an extended period of rampant gains. The financial analysts stated that agriculture, energy, and metals are in the middle of a massive bull run that could last for a couple of years amid strong demand worldwide...

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Commodities Week in Review: February 8 to February 12

Commodities Week in Review: February 8 to February 12 Agriculture  For many agricultural commodities, investors turned their attention to the US Department of Agriculture (USDA) and its World Agricultural Supply and Demand Estimates (WASDE) report. It examined the current state of US agriculture and offered a broad forecast. Researchers concluded that supplies are tightening for many crops, such as soybeans and wheat,...

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